Why is ASK Automotive falling/rising?

As of 16-Sep, ASK Automotive Ltd's stock price is currently at Rs 536.75, reflecting an increase of Rs 3.8 or 0.71%. The stock has shown a positive trend recently, gaining 4.27% over the last two days and is only 3.24% away from its 52-week high of Rs 554.15. In terms of performance, the stock has outperformed the broader market over the past month and year, with returns of 12.42% and 14.84%, respectively, while the Sensex has only increased by 2.21% and decreased by 0.73% in the same periods. The company demonstrates strong fundamentals, including a high return on equity (ROE) of 22.51% and a low debt to EBITDA ratio of 1.01, indicating efficient management and a solid ability to service debt. Additionally, the stock is trading at a discount compared to its peers, which may attract investors.
In the broader market context, while the stock has been performing well, it has underperformed its sector by 0.26% today. The overall market, represented by the BSE500, has faced negative returns of -2.93% over the past year, contrasting sharply with ASK Automotive's positive return of 14.84%. This divergence highlights the company's resilience and ability to generate returns even in a challenging market environment. The rising investor participation, evidenced by a 7.03% increase in delivery volume, further supports the stock's upward movement, suggesting a growing interest among investors despite the broader market's struggles.